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Binance, the world's largest cryptocurrency exchange, announced 39 projects on the Launchpool platform.
It was stated that the new Launchpool project is Memecoin ($MEME), the native ecosystem token of Memeland.
Binanace stated the following in its statement:
“Binance is excited to announce its 39th project on Binance Launchpool, Memeland's native ecosystem token. This project is designated Memecoin ($MEME).
Memeland is the Web3 venture studio of the globally popular meme platform 9GAG. It is estimated that the web page will be ready 4 hours before Launchpool starts.
Users will be able to stake their $BNB, $TUSD and $FDUSD in separate pools to farm $MEME tokens for 30 days starting from 28.10.2023 00:00 (UTC).
Binance will then list $MEME on 03.11.2023 at 08:00 (UTC) and initiate trading with $MEME/BTC, $MEME/USDT and $MEME/$BNB trading pairs.
Memecoin Launch Pool Details:
Token Name: Memecoin ($MEME) Total and Maximum Token Supply: 69,000,000,000 $MEME Launchpool Token Rewards: 1,380,000,000 $MEME (2.00% of total token supply) Initial Circulating Supply: 8,797,500,000 $MEME (12% of total token supply .75) Smart Contract Detail: Memecoin ($MEME) Staking Conditions: KYC required 153,333.33 $MEME in $BNB pool 19,166.67 $MEME in $TUSD pool 19,166.67 $MEME in $FDUSD pool”
Introducing Memecoin $MEME on #Binance Launchpool!
Farm $MEME by staking #$BNB, $TUSD and $FDUSD.
➡️ https://t.co/iclaWFUArp pic.twitter.com/I3LebJp2zN
— Binance (@binance) October 27, 2023
*This is not investment advice.